News tagged with 'Premiums'

Washington wants to know why the five largest health insurance companies racked up record profits last year - $12.2 billion – up 56 percent over 2008 numbers.

Medical health insurance premiums are supposed to go primarily to pay medical claims, but a Senate Committee inquiry finds that a larger chunk, than previously suspected, of what you pay for medical insurance, returns to the insurer as profit.

Health care reform should not include limiting the liability of dangerous doctors and unsafe hospitals, finds this study done by groups dedicated to preserving the civil justice system.  Medical malpractice claims have fallen like a rock creating record profits for the insurance industry, not lower premiums. 

Wendell Potter used to talk to reporters on behalf of Big Insurance but after almost 20 years, he knew something wasn't right. Now he's speaking about Big Insurance to Congress, reporters, and on Bill Moyers tonight, telling insider secrets and adding a diverse voice to the health care reform debate.   He gives a insurance insider preview to IB News.

State Farm says that since it didn't get a 47 percent rate hike it will stop offering property insurance to more than one million Floridians. Insurance is among the most profitable of industries with CEOs at the top of the pay scale.